Pierre-Olivier Weill

Pierre-Olivier Weill

Institution

UCLA

PhD Year

2004

Email

poweill@gmail.com

FTG Membership

Senior Member

Website

http://sites.google.com/site/pierreolivierweill/

Featured Work

Mar 29, 2021

Johan Hombert, Pierre-Olivier Weill | Working Paper No. 00070-00

Incentive Constrained Risk Sharing, Segmentation, and Asset Pricing

Incentive problems make securities’ payoffs imperfectly pledgeable, limiting agents’ ability to issue liabilities. We analyze the equilibrium consequences of such endogenous incompleteness in a dynamic exchange economy. Because markets are...